JustForex Safe or Scam?
JustForex was established in 2012 and is the business trademark of JF Global Limited, an organization enrolled in St. Petersburg. Vincent and the Grenadines. Vendor offers 7 distinct sorts of exchanging accounts, going from commission free records to commission based records, Islamic non-legitimate records, and ECN exchanging accounts.
Although the trader offers more than 150 categories of commodities for trading, including Forex ECNs, stocks, indexes, commodities, and bonds, access to specific markets depends on the type of account opening. Justforex offers users the world-famous MetaTrader 4 and MetaTrader 5 trading platforms for PC, as well as the MetaTrader mobile trading system for Android and iOS users.
What is JustForex?
JustForex is a retail Forex broker that gives traders access to the Forex market and offers accounts such as Standard Cents, Standard, Pro and Raw spreads, a wide range of trading instruments, leverage up to 1: 3000, hard spreads and the best trading conditions on the market. News JustForex offers its clients the best trading conditions, providing them with the necessary trading tools and strategies, low margin and flexible leverage. Currently, there are different types of accounts available to open, which vary depending on the business situation.
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Justforex Secure or Fraud?
One of the best ways to determine the safety of a trader like JustForex is to know the regulatory authorities that control their actions. JustForex operates under the auspices of the St. Petersburg Financial Services Authority (FSA). Vincent and the Grenadines. In an effort to maintain business relationships with multiple clients, JustForex strives to maintain the financial security of its clients.
Measures to do so include allocating bank accounts to separate client funds from corporate operating funds and financial security through 18 trusted banks to protect these funds in the event of an outage. JustForex is a member of the compensation system that can help in case of termination.
Through this, it has been able to acquire and develop the knowledge to provide what clients want, which has helped the company become a global brand in many countries around the world. JustForex not only adapts its services to the areas where it operates, but its team is also highly trained and dedicated to providing the best services to many of its customers.
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Is JustForex Regulated?
JustForex is owned by JF Global Limited, a licensed offshore company in Saint Vincent and the Grenadines.
However, the truth is that Saint Vincent and the Grenadines is an offshore area that actually registers a financial investment company, but it presents very poor requirements for the operation of the company, if any. This means that the broker is unorganized, unregulated, and does not comply with strict international laws that provide protection to traders.
Therefore, it has become an offshore area for immovable forex brokers such as CVC Markets, AAG Markets, and more. Read more about the list of St. Vincent and the Grenadines at the link.
According to the website, “JustForex has gained the trust of millions of clients in 197 countries. Our company is one of the world’s leading brokers.” The broker claims to be regulated by St. Vincent and the Grenadines Financial Services Authority. However, this license is not sufficient to operate in “197 countries”.
Overall, the company’s offerings are competitive with its reputation, but overall, options are a high risk investment due to the nature of trading, as well as the license environment without JustForex which shows some signs. Is. Question about the possibility of entry. Trade or not? Since investing and securing investors’ funds is a primary goal, it is strongly recommended that they choose between well-regulated companies that have all the necessary licenses, support authorized operations, and are appropriate. Provides customer service at the level.
Consumables, such as currency trading, increase your potential profits, but also increase your potential losses. Rating is expressed as a ratio, for example 50: 1, 100: 1 or 500: 1. If you think you have $ 1,000 in your trading account and you are trading a ticket volume of $ 500,000 / JPY, your rating will be equal. 500: 1. Margin is the sum assured to cover any credit risk that may arise during your business activities.
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